Top Forex Brokers-Forex Weekly news and analysis For September 2 – 6 2024

Top Forex Brokers-Forex Weekly news and analysis For September 2 – 6, 2024

The upcoming events may have a significant impact on the currency pair.

•On Wednesday, September 4: Canada Interest Rate Decision.

•On Friday, September 6: The US Nonfarm Payrolls report.

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US30 US30 hit an all-time high, encountering critical resistance at 41,300, aligned with the 138.2 Fibonacci ratio. The %R oscillator indicates strong oversold conditions, suggesting potential bearish sentiment.  •If the US30 breaks above the resistance of 41300, it may open the path to 42000; •A rebound from the resistance is likely to trigger a decline to 40000.

USDCHF USDCHF rebounded from the critical 0.8400 support and faced the 0.8500 resistance. The RSI oscillator leaves the oversold zone, potentially signaling a bullish momentum for the asset.  •If the bulls push the price above the resistance of 0.8500, the upside target will be 0.8730; •A rebound from the resistance may retreat the price back to 0.8400.

USDJPY USDJPY follows the global trendline and faces the 145.00 resistance after a rebound. The momentum oscillator crosses the 100-line from below, giving a bullish sentiment.  •If the bears push the price below the trendline, the asset may fall to the 142.00 support; •If the bears push the price below the trendline, the asset may fall to the 142.00 support;

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